How many years in a row do we have to win until we can call it a tradition? Washington was ranked the best state economy last year by WalletHub’s annual study…and again this year!
Here are Five Fast Facts about the Evergreen State’s awesome economy:
- 📝 The Factors - The study compared 28 key economic factors across three categories (economic activity, economic health, and innovation) for every state in the nation. Can you imagine what that spreadsheet looked like??
- 🥈 The Silvers - We took second place in a couple of categories, including education level of recent immigrants and the percentage of high tech jobs. They are smart when they get here, so we put ‘em right to work with the cool stuff!
- 🥇 The Golds - We took first in multiple categories, as well: exports per capita and number of patents. Making stuff other places want is what we do.
- ⛔ The Disagreement - Not everyone thinks WalletHub’s rankings are all that valid, pointing out that it’s heavily slanted toward tech. They also point out that WalletHub’s headquarters is not in Washington. Mere details…
- 👎 The Negatives - There are some categories where we don’t shine. We are in the bottom five for government deficits and unemployment. We’re at 4.1% unemployment, but the national average is only 3.6%. The worst county (Ferry) is over 8%! Isn’t there an app for that?
🔥Bottom line: Despite the gloomy edges, there’s a lot to love here! When the state’s economy is good, Paychecks are good, too. Sure, there are things we need to improve, but we’d much rather work on those things from the position of #1. Again. 😁
What do you think of this study?
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